AGP Executive Report
Last update: 3 hours agoHousing & Rates: Australia’s dwelling values have fallen $34b in the June quarter, with the ABS reporting a 0.3% drop and mean prices down 0.7%—a hit concentrated in NSW and Victoria as rate rises and tax changes weigh on sentiment. RBA Watch: Westpac’s Luci Ellis now backs a November Reserve Bank rate hike to 4.6%, citing stronger household resilience and spillovers from the data-centre boom. Markets: ASX trade is choppy as oil prices lift inflation worries; banks and healthcare drag while copper hits record highs. Big Bash Privatisation: Cricket Australia has approved private investment for the Big Bash League, starting with the Melbourne Renegades licence sale under a “self-determination” model from 2027-28, with CA retaining control of key competition settings. Crypto Regulation: Australia has cancelled registration of crypto provider GetCoins after customer scam complaints, while regulators push licensing deadlines. Mining Deal: Rio Tinto moves to acquire a Cape York bauxite project, pending approvals and raising Traditional Owner consultation concerns. EV Support: The DRIVEN Program is expanding to help dealerships and workshops fund EV servicing tools and charging-related costs.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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